CARES Act: SBA Issues FAQs on Paycheck Protection Program (PPP) Loan Forgiveness | Practical Law
The Small Business Administration (SBA) issued Frequently Asked Questions (FAQs) to provide guidance for borrowers and lenders on forgiveness of Paycheck Protection Program (PPP) loans. The FAQs are in addition to the procedural notice on the PPP loan forgiveness process issued by the SBA on July 23, 2020.